Reflections on the strategy of monetary policy

Robert P. Black

Economic Review, 1990, vol. 76, issue Jul, 3-7

Abstract: The President of the Richmond Fed argues that: [1] price stability ought to be the overriding goal of monetary policy; [2] procedures for controlling the money supply need to be improved; and [3] monetary policy must be prepared to respond promptly to inflationary pressures.

Keywords: Monetary; policy (search for similar items in EconPapers)
Date: 1990
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